Understanding Your FICO Score

What the hell is FICO?! Many recent grads find themselves asking this question, and even those who know their "FICO" have little clue how it's determined. Basically, FICO is a type of credit score rating that allows lenders (e.g., credit card companies, mortgage lenders, cell phone providers) to determine how risky you are. Check out this breakdown from MyFICO.com to see how it's calculated.